Bank of New York Mellon Corporation $BNY Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lifted its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,549 shares of the bank’s stock after acquiring an additional 9,998 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Bank of New York Mellon were worth $49,155,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Bank of New York Mellon in the 2nd quarter valued at approximately $8,321,111,000. Bank of America Corp DE acquired a new position in shares of Bank of New York Mellon during the second quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon during the 2nd quarter valued at about $1,214,193,000. Wellington Management Group LLP bought a new stake in Bank of New York Mellon in the second quarter worth about $1,175,576,000. Finally, Amundi bought a new stake in shares of Bank of New York Mellon in the 2nd quarter worth approximately $985,533,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of New York Mellon

In other news, CEO Robin Vince sold 9,380 shares of Bank of New York Mellon stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $147.82, for a total transaction of $1,386,551.60. Following the transaction, the chief executive officer directly owned 575,794 shares of the company’s stock, valued at $85,113,869.08. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the transaction, the vice president owned 173,304 shares in the company, valued at approximately $25,616,064.24. This represents a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 60,560 shares of company stock worth $9,007,119. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BNY. New Street Research set a $182.00 price objective on shares of Bank of New York Mellon in a research report on Friday, October 16th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bank of New York Mellon in a report on Friday, October 16th. TD Cowen initiated coverage on shares of Bank of New York Mellon in a research report on Thursday, October 8th. They set a “hold” rating and a $160.00 target price on the stock. Argus lifted their target price on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Citigroup lowered their price target on Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.04.

Bank of New York Mellon Trading Up 0.2%

BNY opened at $153.10 on Friday. The firm has a 50 day simple moving average of $149.26 and a 200 day simple moving average of $140.76. The company has a market cap of $103.02 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. Bank of New York Mellon Corporation has a fifty-two week low of $105.42 and a fifty-two week high of $165.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The business had revenue of $5.68 billion for the quarter. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Bank of New York Mellon Corporation will post 9.39 earnings per share for the current year.

Bank of New York Mellon Company Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange. BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.